Brokerage Views: Citi On United Spirits And Gateway Distriparks, Morgan Stanley On Suzlon Energy

Brokerages have United Spirits Ltd., Gateway Distriparks Ltd. and Suzlon Energy Ltd., on their radar on Monday when the stock markets are set for a rally as the exit polls ahead of the Lok Sabha election results projected a strong majority for the Bharatiya Janata Party-led government.

Here are all the top brokerage calls on Monday that you need to know about:

Citi On United Spirits

Maintained 'neutral' call on United Spirits and raised the target price to Rs 1,250 per share, implying a potential upside of 7% from the previous close.
Demand environment at the lower end remains soft.
Near-term growth could be muted off a high base.
Management maintained their guidance of double-digit growth in the financial year-ending March 2025.
Premiumisation continues to be the key focus area.
Headline pricing could be lower in the fiscal 2024-25 as inflation moderates and on a high base.
Remains positive on medium-term growth prospects.

Morgan Stanley On Suzlon Energy

Initiated coverage with an 'overweight' on Suzlon Energy with a target price to Rs 58.5 per share, implying a potential upside of 23% from the previous close.
Favourable macro backdrop implies a growing market for the renewable energy value chain.
Expects 32 GW of wind orders over the next five years, 56 GW through March 2032.
Suzlon is turning around, strongly positioned for the current upcycle.
Much stronger after deleveraging, and much leaner after cutting fixed operating costs.
Market has not fully appreciated its growth potential yet.
Wind making a comeback.
Applied a target price-to-earnings of 35 times to the first half of fiscal 2027 earnings.
Downside risks include competition from global players re-entering India, order slowdown, land-availability issues, supply-chain constraints, transmission projects delays and weakening working-capital days.

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Citi On Gateway Distriparks

Maintained 'buy' call on Gateway Distriparks and raised the target price to Rs 127 per share, implying a potential upside of 29% from the previous close.
January-March quarter was impacted by one-off expenses that are transitory.
Roll-over estimates to March 2026, and earnings per share estimates increased by 4%.

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